SA ministers slam nationalisation

2011-08-07 07:54

Johannesburg - Calls to nationalise South Africa's mines, driven by the ruling party's youth league, face new challenges from ministers who warn the scheme won't fight poverty and fear the debate is scaring investors.

Worries about nationalisation have dogged South Africa ever since the African National Congress took power in 1994, when Nelson Mandela led the party to victory in the first all-race elections.

Now the debate has been revived by Julius Malema, the firebrand ANC youth league leader, who wants to redress South Africa's gaping economic divide by nationalising mines and banks while accelerating land reforms to resettle blacks on white-owned farms.

"Everyone has the right to benefit from wealth in South Africa," Malema said in a speech at the University of Johannesburg on Thursday.

"South Africa is divided as we speak. We've got two economies in one country, two nations in one country, and it is nationalisation that will unite us."

Formal study

Malema is campaigning for a constitutional amendment to allow the government to seize mines, banks and farms without compensation to owners, who he says never paid Africans for the original purchase of the properties.

Malema has beaten the nationalisation drum for two years, forcing the ANC to launch a formal study into the issue that should be released in a few months, ahead of the party congress in December 2012.

President Jacob Zuma has remained conspicuously silent during most of the debate about the mines, which employ one million people and account for almost 20% of the economy.

Other top officials are now weighing in, even though current policy has no chance of changing until the ANC review is released and debated by the party.

"We don't develop a policy on our feet, and we don't just wake up and adopt policies because a group is vocal on the nationalisation of mines. It does not work that way," ANC secretary general Gwede Mantashe told the youth league's congress in June.

Malema wants Mantashe replaced

Mantashe and Malema regularly spar over policy and the direction of the party, with Malema making little secret of his desire to see Mantashe replaced.

But other ministers have now begun speaking out.

"We who run the country know the harm this reckless debate is doing to the good image and investments of the country," said public works minister Malusi Gigaba, a former youth league leader.

Mines minister Susan Shabangu said on Tuesday that nationalisation would not rid South Africa of its "evil triplets" - poverty, unemployment and inequality.

"The correct question should not be whether or not we nationalise. The question, in my view, should be: How do we make use of our vast mineral wealth to eliminate the evil triplets?" she said.

Not enough jobs

The South African Institute for Race Relations predicts that half of black South Africans aged 15 to 34 will never work in the formal economy because they aren't literate enough and because economic growth is too slow to generate enough jobs.

These are the people that Malema's proposals speak to, but business leaders warn that nationalisation won't address their concerns.

"Nationalisation is not going to solve the problem, but will end up killing the patient," said Roger Baxter, an economist at the Chamber of Mines.

"In fact it will actually set South Africa back hugely in its efforts to try and solve the problem."

  • Bontage - 2011-08-07 08:07

    It's less the evil triplets of "Poverty, Unemployment and Inequality", but rather more "Corruption, Entitlement and Poverty."

      SA_Mizdat - 2011-08-07 08:31

      I dunno - I reckon they should nationalize the banks. Let them spread my debt among 50 million South Africans, I say.

      Schalk - 2011-08-07 08:45

      Yeah, I would also like to add a fourth member: irrationality. As I see it, the whole argument that white ownership of land and the means of production perpetuates economic apartheid is fundamentally flawed. Only a tiny fraction of whites (something like 1%) own these assets. The reason why the remaining 99% earn on average 8 times more than blacks is simply because they have an 8 times higher earning capacity. It is this disparity that requires redress by giving blacks every opportunity to increase their ability to earn (i.e. getting our Grade 6 literacy and numeracy ratings above 15%). Nationalization and expropriation will not (and simply cannot) solve anything. Also: Have we learnt nothing from history? These policies have failed people time and time again. Lastly (again): You cannot multiply wealth by dividing it. This is as much a law of the world as gravity.

      kitchenboy3 - 2011-08-07 08:54

      @schalk, we generally work from the view point that our 'leaders' are too thick to understand the consequences of nationalisation and that they do not listen to the lessons of past failures. what if wqe change our thinking to where they know EXACTLY what they're doing, we already know that they don't realy care for the masses except at election time, so grinding the economy into the dust realy makes no difference to them as the will make their billions from all the lovely mine assests and banks they now 'own' food for thought?

      Creeky - 2011-08-07 09:07

      The WHOLE Mining sector has reached the END OF IT'S ROAD!!!! Banks are mostly funded by PRIVATE INDUVIUALS, or PRIVATELY OWNED COMPANIES.... and the Farms, which are owned by those "Dreaded Whites" take up approx 5% of the country, yet FEEDING 85% of the country and the neighbouring states PLUS EXPORTING to various other countries in the Northern Hemisphere... Subsistance Farming WILL NOT FEED A NATION... STOKVELS will NOT FINANCE A NATION, and owning a few WASHED OUT MINES that produce 15% of the Worlds Gold, will NOT EMPLOY a NATION!!!!!! What part is so difficult to understand?????????

      Mad Dog - 2011-08-07 09:25

      I have noticed that a guy called Schalk writes a lot of sense. Read his comments, think and then join the DA!

      Mad Dog - 2011-08-07 09:28

      And Zuma?? Where is he?? Hiding under his bed, wetting his pants!

      jontheb - 2011-08-07 09:29

      Let them take the banks - I hope they start with ABSA - it couldn't get much worse!!!

      Benny66 - 2011-08-07 09:45

      @mad dog. Was that wetting or without his pants?

      cliffarc - 2011-08-07 10:30

      - As is typical of the Anc , they are both running with the Foxes and hunting with the Hounds. They simply have no clear direction and policy and bereft of leadership. They continue with this game of allowing the Ancyl/Cosatu to beat the nationalisation drum to appease the destitute black masses ,at the same time as condeming the idea. They cant have it both ways. Buying votes with the nationalisation ploy and retaining foreign investment confidence are poles apart and irreconcilable. Only a clear and emphatic policy statement from our " ghost " president on the issue will suffice. And should that policy be against nationalisation, he should at the same time order the Ancyl/Cosatu to shut the hell up forthwith. Should the policy stand go the other way then let them have their banana republic. Question is, does Zuma have courage and wisdom to speak out ?

      ray - 2011-08-07 10:47

      Well said Bontage and Schalk[and hahaha Mizdat]-these people who will never work are products of the post-1994 regimes-the problem will not go away if we continue to pay people who cannot afford to support children to continue producing more and more to add to the millstone of unemployables.

      Spyker May - 2011-08-07 14:46

      The heading says: “...SA ministers slam nationalisation...” – ye right, ie 2 out of 32 ministers, BIG DEAL..! I would say it is not difficult to deduct the obvious. The ANC’s bona fide motivation aside – we can speculate about it until our faces turn every colour of the rainbow (and I have, trust me) – viz the “rainbow” nation SA will NEVER be under the ANC; need I reiterate that the ANC sees the future as very much monochrome – ie PITCH BLACK... I have also noticed the DA is strangely muted on the matter. Of course we know the DA is opposed the nationalisation of assets – but their management of the matter is very much IMPOTENT, to put it mildly. By now I would have expected the DA to have, inter alia.., - Embarked (ie bite and not just bark) on a nation-wide ANTI-NATIONALISATION campaign, at universities, communities, on radio, TV, street corners, etc, etc. - Liaised with the companies- and countries whose assets are threatened by the theft/nationalisation. Then to have formed strategic alliances with them, culminating in vivid, workable action-plans to block the THEFT (aka nationalisation) of assets. cont. below..,

      Spyker May - 2011-08-07 14:48

      - Published literature, in all languages, explaining to all levels – from the basic, easy to understand hard-hitting facts, to the elevated verities of unlawful seizures of assets by the state. Eg to have a web-site/s with ready reference of the all the facts how nationalisation will destroy SA – for anyone who needs the data/substance to conduct a robust debate/argument; pamphlets at all the universities-, in major shopping malls, etc on how “NATIONALISATION WILL DESTROY SA”. - Formed a peer-group to study and publish a comprehensive report re the damage nationalisation will do to the SA economy. At the same time a comprehensive action-plan to turn the SA economy around – based on free-market principals – eg laws requiring all public companies must give 20% shares to the non-management workforce (eq distributed – ie one man same no of shares); same law = 20% of private co’s profits must go to non-management workforce; Co-op farming communities = large groups of semi-subsistence farmers form a privately owned farming co-op – ie ea produces a surplus over the need to survive and the surplus is sold by the co-op office onto the market – there is a massive market for ‘organic stuff’, they will soon be exporting and I bet you, they will ‘enjoy’ the free-market so much over the week-ends that they will NEVER look back; cont. below..,

      Spyker May - 2011-08-07 14:50 mine and extract minerals safely and in large volumes is NOT in any way conceivable for the unskilled masses – it is a laughable fantasy (go to any minerals processing plant and see for yourself) – ‘beneficiation’ requires a skilled- to highly skilled workforces – eg large cotton farms co-owned by the people who work on it, ie a far more feasible means, etc, etc, etc. - The ANC’s ‘nationalisation plan is completely- and utterly unworkable. The DA must draft an open letter to all the apologists of nationalisation (eg the ANCYL, Cosatu, The Tender-fraud HQ Limpopo province, etc) challenging them to answer, in clear vivid detail, the pertinent questions about nationalisation – eg: EXACTLY (ie detail please) how is beneficiation going give the (illiterate) masses jobs (viz the masses who are supporting the ‘plan)?; even farming requires skills – with the mass nationalisation of farms, where is the skills going to come from – surely the current farmers are not going to continue to work for the state for pittance, while owning nothing (unless under force) – how is it going to work (vivid detail please); cont. below..,

      Spyker May - 2011-08-07 15:09

      ...corruption in current state functions are out of control (the dept Public Protector recently said the corruption that is currently being exposed < 1% of the total corruption in SA) – with some form of private sector, at least there are some balancing forces – under almost sole state/ANC control everything will collapse in a matter of years (ie it will be impossible to control) – how can the ANC control such a situation, if they can scarcely cope at the moment, etc, etc. - The ominous reality of dealing with the situation – should the ANC proceed. Iow the physical action we will take in such a case. International ‘law’ (to which SA subscribes) gives individuals the right to protect their lives – thus including their livelihood – property, etc. The reality is there WILL have to be physical action should the ANC regime proceed. Etc... NATIONALISATION IS THE SINGLE BIGGEST THREAT TO THE SA ECONOMY IN ITS ENTIRE HISTORY (ever) and the DA seems to be more interested in having afternoon tea and cake... PS: In my little mind I cannot envisage any other alternative to save SA but war – I simply cannot see it. However, the DA remains resolute that we will prevail under the protection of ‘democratic forces’ – ie just go and vote and everything will be fine. I am afraid, from where I stand, the ‘forces of democracy’ currently seems pretty useless against the ‘forces of the demonic’.

      JMan - 2011-08-08 08:58

      Where exactly is nationalisation "slammed" here...??

      whereu - 2011-08-08 10:18

      Spyker May, Cheap mining shares now available. Not only have they been thrashed by the current worldwide economic meltdown, but IMO have a sizeable Melema discount. Who wants to invest in a venture that's going to be nationalised with a prospect of no compensation. Not me!

      Colin - 2011-08-25 16:23

      You are all looking at what the anc is saying without looking at the why. Who will benefit, they will not just nationalize, they will have to buy the shares and the people selling the shares will be anc members who hold bee shares that they picked up for next to nothing, look at zuma and mandela junior's aurora mine and imagine them selling it to the govenment for billions when its worth nothing. This is just another scheme to transfer tax money into their own pockets. When the money runs out to nationalize they will stop and it will be business as usual excpet the government will own all the bee shares and we would have paid for them again

  • darkwing - 2011-08-07 08:09

    The evil triplets indeed. Is it possible who do have some sense in our cabinet? The sector in our country that needs the utmost urgent attention is education.

      Ndlovu - 2011-08-07 08:15

      education...oh yebo!!! education for our cabinet..!!!!!!!!!!!!!!!!!!!!

      duduzile.dunicz - 2011-08-07 08:42

      I fully agree however corruption and equity also play a role. Politicians earn a fortune and squander wealth so young african graduates who want to build their country (teachers, nurses, social workers etc) find that they cannot live on the meagre salaries and have to seek employment elsewhere. Not a week goes by when I do not receive an email from a former black student who has qualified as a teacher and cannot afford to live in SA. Nationalise the cabinet and then we will see some honest change.

      Zinki - 2011-08-07 08:58

      I quite agree. The whole problem is caused by the pathetic standard of education. That should be the main focus. They should start to educate this half literate generation first by developing courses for them to teach them skills like mending vehicles, fixing computers, basic child care, bricklaying, etc so that they can start their own little businesses in the townships or be more employable.

      ray - 2011-08-07 10:50

      Another problem is that the teachers themselves cannot pass the exams for subjects they are teaching

      AA - 2011-08-07 17:29

      It looks like cabinet are speaking out because Zuma is to spineless too. One wonders if the country has a president at all. Well done to the ministers for taking charge. Hopefully Zuma gets kicked out at the next ANC conference and they elect a president who has courage to lead the country like it deserves to be lead.

      Zinki - 2011-08-07 18:19

      AA, yes, Zuma is terrified to speak out against Malema because he knows he could get ousted next year because Malema has threatened him. He is so desperate to stay in for another term so he has to tow the line and that is why he keeps quiet. The other ministers should take over and do what needs to be done. We have a leadership vacuum at the moment. Malema has had free reign for far too long.

  • slg - 2011-08-07 08:09

    The calls are understandable, given the level of unemployment. But what the callers are missing is it would make things worse, not better. That experiment is over. It failed. The best bet is get an education. If this is not possible, be creative. Above all else, be honest. As tempting as it may be when in desperation, do not add to crime in our country. We can quite easily land up like Mexico, almost beyond the point of no-retrun.

      darkwing - 2011-08-07 08:20

      I think we are already beyond that point.

      allie - 2011-08-07 09:39

      Education alone is not the answer.Malema got education in woodwork and what has he built ,nothing to date.

      kitchenboy3 - 2011-08-07 09:47

      @ allie, actually he failed wood work

      Macho Mike - 2011-08-07 12:24

      The future of SA has been hanging in the balance for a while now. I suggest that SA nationalise the mines, and then complete and utter destruction and ruin will soon follow. At least everyone will then be in the same boat. Give it 20 years, and the mines will be de-nationalised and SA can be re-built. After all, this is the history of those countries foolish enough to have followed the devasting path of nationalisation previously.

      AA - 2011-08-07 17:35

      You are so right slg. There are so many similar comments on this site about the right thing to do but the governments does not seem to put anything into action. I think it is time for everyone to get involved in in politics, the country and their communities. It is easy to sit here and make comments but it is a completely different thing to make a difference. The problem of education and poverty does not affect one sector of the population, it affects everyone and will only get worse as time goes on. Every South African needs to be motivated to make the country better.

  • Ross - 2011-08-07 08:12

    The Yes voters: ANCYL, Cosato, Limpopo government. The no voters: A minister here or there. The President: Dead quiet. Investors are confused to the N'th degree.

      Creeky - 2011-08-07 09:24

      Zuma CANNOT comment.... as he HAS NO SPINE, he CANNOT STAND UP TO ANCYL! After all, it is HIM, ZUMA, that PUT THE YOUTH LEAGUE UP TO THIS!!!!!!!!!

      Creeky - 2011-08-07 09:27

      The ZUMA TRIBE, will benifit from ANY FORM OF NATIONALISATION....his son is already SA's YOUNGEST BILLIONAIRE .... at the tender(no pun) age of 28

      christine - 2011-08-07 11:04

      you are correct ross---the chairman of the JSE states that oversees investment in SA is DOWN R700 BILLION this year--the capital flight is well under way--this is whay malema has allready done to this country by threats of nationalisation the question is --does anyone with enough power have a corruption clear profile so they can stand up and stop this very very damaging rethoric--doesnt look like it can be ZUMA

      Raakvatter - 2011-08-07 13:18

      Exactly, they can slam the concept all they want. If that is what the "democratic masses" want , that is what they are going to get in the end. Malema knows this, Zuma and the ministers know this. All these objections are just irrelevant background noise in the end, if they fail to influence the voters (which I strongly believe will be the case), it will be for naught anyway. I think we need to prepare for the worst.

  • kakhuiskriek - 2011-08-07 08:13

    "Everyone has the right to benefit from wealth in South Africa," thats fine and all but do you have the experience and qualifications to run a farm / bank / mine ? if not then f-off !

      Zion - 2011-08-07 08:41

      Agreed, but anybody wanting to share in the wealth of the country must do something positive to gain that wealth. Wealth was never a buckshee.

      Frans Smith - 2011-08-07 15:11

      WHAT WEALTH? with all the mines minerals farms etc - we are nearly bankrupt? we can not provide unemployement benefits like the uk, housing like the uk, health system like the uk, security like the uk - we pay our health workers and police offices peanuts? BUT SA IS WEALTHY? my son also think i am loaded.. that i am wealthy. now, i am not poor, i did ok so far, but i am nowhere near wealthy in my mind. i.e. i can not stop working now and never have to earn money. these idiots carry on like we are the pot of gold at the end of the rainbow. we can hardly feed the masses of illiterate fools. 90% of our municipalities is bankrupt - there is shi!@@t running down the streets. our education system continues to fail the population. our roads are 20 years behind on maintainance. basically, nothing works properly anymore. BUT WE MUST RE-DISTRIBUTE THE WEALTH? WHAT WEALTH?

  • Ndlovu - 2011-08-07 08:14

    We are allready desinvesting.. we understand the signals.. we learnt... from Zimbabwe! SA hamba khale!!!!

      Mthetwa - 2011-08-07 10:58

      Yes ... me too

  • VargVikernes - 2011-08-07 08:15

    I thought the evil triplets were the ANC, Cosatu and SACP.

      Creeky - 2011-08-07 09:25

      Gruesome Threesome!

      Mad Dog - 2011-08-07 09:34

      And the sacp is probably the best of the bad bunch! I predict that Fatboy will start saying that they are not true commies! The knives are out! Soon to be stuck in the anc/sacp backs by Fatboy! Strange how the anc has lost the moral high ground to the DA!

  • kitchenboy3 - 2011-08-07 08:17

    I am glad to see that there are still a few people in government who haven't lost all their marbles just yet, though i suspect they are farting against a tornado. now COSATU is speaking out for nationalisation too and low and behold they are citing Cuba as a shining example of how nationalisation can work, i guess that's why we had tp write off their 1.1 billion rend debt to us, funny measure of sucess that

      Nigel - 2011-08-07 10:46

      Hey Princess, whose profile seems to show you dont have enough backbone to show who you are, SPELL IT OUT, Why should Malema not nationalise... you rha-tard!

      Nigel - 2011-08-07 10:59

      You remind me of a little dirty white maltese poodle chunking behind a locked gate feeling all secure!

      kitchenboy3 - 2011-08-07 11:07

      What is a rah-tard? a retard that can't spell retard?

      Creeky - 2011-08-07 15:01

      RAH-TARD is like the FEMALE version of the "BRIBOR".... whom gives the money to the BRIBEE, and the RAH-TRAD is the guy in the middle!

  • pitbull - 2011-08-07 08:20

    Did nationalization of anything work anywhere else in the world? No. Will this scheme put more money into the pockets of the ruling Black Elite. Yes. Who will not benefit from nationalization? The poor, the downtrodden, the old and the children, in fact everyone else. Yes, foreign investment will cease, and yes South Africa will sink into the hell of its government's own making, and yes all the people with brains will leave the country, because they cannot afford to live in a country run by a bunch of demented half-wits. Sorry make that quarter-wits or possibly eighth wits.

      The Mugz - 2011-08-07 09:09

      and when it fails as we know it will they "the govern(less)ment" will blame.......... "apartheid" AGAIN!!!!! more votes for them you see "they win all the way to their banks"

      pitbull - 2011-08-07 10:08

      @The Mugz. Unfortunately their blaming apartheid is getting a bit old as they have been "independent" for 17 years. Self-governing is also a bit of a misnomer as they are self-destructive and their wonderful BEE (Black Elite Empowerment) plot is going to ultimately destroy them. Unfortunately I can't wait that long. I proceeding with my plans.

  • pitbull - 2011-08-07 08:21

    Evil triplets should read the three stooges - ANC, SACP and COSATU and their little brother the ANCYL

  • Marcell - 2011-08-07 08:23

    Please nationalise the mines, banks and farms. This is the only way these morons will learn, the hard way. The whitey tell them it is not a good idea, but what does the whitey know?

  • Happygas - 2011-08-07 08:26

    zuma is sitting on his mouth

      Jamesons - 2011-08-07 10:34

      who's that??

  • Beam me up - 2011-08-07 08:27

    Nationalisation will destroy SA's economy and will not recover for a 1000 years. Just the talk of it is already scaring investors away, because what stops the government later from nationalising all businesses. As the rot starts they will become desperate. I am 100% sure there are fund managers already moving pension investments overseas right now.

      Nigel - 2011-08-07 13:03

      that info sure will scare the have nots supporting Malema, what's in it for them?

      JMsays - 2011-08-07 18:10

      Don't mind "nigel", he's just a angry little boy in the ANCYL that had this "master" plan of creating a facebook profile with a white guys face and joined a few group to sell it. You got to do better than that my boy.

  • Zion - 2011-08-07 08:37

    It is good to see the light is slowly filtering in to the darkest corners. What is also welcome is the changing attitudes high up on the ANC ministerial roll. The average South African with the average educational level of matric can clearly see that nationalisation will not solve economic problems but rather exacerbate them. What is of concern is the gullibility of some of the educated in high places. It seems their loyalty to their masters outstrip their loyalty to the truth.

      christine - 2011-08-07 11:13

      you are so correct--imadgine if the banks and mines were run by the same plonkers as the sabc, escom,water affairs, the land bank [the list goes on for ever] god help us

  • Thandi - 2011-08-07 08:43

    Why don't the ANCorruption government slam their sub-human spokesman - Juli-arse Mal-emmer. If anything is scaring away investors it is him and his moronic rantings. If he is left unchecked, he is going to single-handedly bring about the demise of everything that is good about SA, and leave us all with the ruins.

      Jamesons - 2011-08-07 10:36

      He has given the ANC brand such a bad name.

  • Syndrome - 2011-08-07 08:57

    Looks like the ANC is losing control of their government.

  • Malema fan - 2011-08-07 08:58

    Until the government address/tackle the issue on unemployment for “unskilled and semi skilled” labor with a more vigorous approach people like Malema or others will use that opportunity to beat the drum of Nationalization or other mechanisms to strengthen their position among the masses of unemployment and poor South Africans (you can call it to create a fan base) – there are various hidden agendas among these kind of radical approach but!! my advice will be rather than to distance ourselves from people like Malema (there will be others if he fail) get closer to the debate to ensure we rather guide them than to oppose - because like it or not we are a democratic country which means the majority rules and currently unemployed and poor communities form the majority of this country.

      Jamesons - 2011-08-07 10:40

      Your name tells me you must have no education.

  • Hamilton Ngwenya - 2011-08-07 09:01

    I completely agree that SA poverty can be leveled and attributed to high levels of illiteracy, high govt dependency.

      Nasdaq7 - 2011-08-07 11:19

      Well that is what the people of Norway want, the Swedish funding the ANC. Forget about encouraging people to start their own businesses and becoming self-reliant. People must rely on government handouts forever. The ANC then rules forever.

  • 106SA - 2011-08-07 09:08

    Every 'revolution'/'struggle' in African countries,where the 'winning' PARTY takes over, as in Zimbabwe,Mozambique,Zambia etc etc etc...and now South Africa,they first BREAK the beautiful vase what was handed to them on a plate,and then, they ask the west for help.Nationalisation will break SA and turn it into another failed state.Why??It's does not work!Stop stealing ANC and start some serious robust leadership.That's what you were elected for!!!!!

  • Mad Dog - 2011-08-07 09:20

    These ministers must be congratulated for having the balls to cross the fat upstart! Nationalization will not help the poor. Notice that fat upstart does not explain any of the science behind his rash statements. His moutn is bigger than his brains! Vote DA in the next elections! The ONLY WAY out of the death-spiral that the anc has given the country! Vote DA for your children!

  • Jade - 2011-08-07 09:21

    After the implementation of nationalisation,if it fails like it has in many countries and millions of our citizens are affected by the results thereof i believe all those that ignored the advice of the experts and changed our constitution in order to create the disaster that will befall our country, should be charge with crimenal negligence and be severely punished.Politicians should not be allowed to get away with gross maladmnistration, punishment must be handed out to everyone who participates in this madness.Robin hood politics has never worked anywhere.

      motsokwane - 2011-08-07 11:19

      Which countries are you referring to? and who are the experts you are talking about? I hope you not referring to yourself as expert.shu!

  • WiseOwl2 - 2011-08-07 09:21

    Please tell us who the hell is running this country ! This beloved country has never been this direction-less in its history ???????? SOMEBODY REALLY CUT OFF THIS CHICKENS HEAD !!!!!!!!!!!!

  • Slapper - 2011-08-07 09:23

    More of the normal confusion from the ANC government. They do not have a clue and are being swayed by a bunch of self serving crooks and clowns.

  • Mad Dog - 2011-08-07 09:24

    I have noticed that a guy called Schalk writes a lot of sense. Read his comments, think and then join the DA!

  • call a spade - 2011-08-07 09:27

    News 24 this minister slams nationalisation is old news. Last news from the ANC is that they "are not against nationalisation" All part of the game then.

  • Mad Dog - 2011-08-07 09:28

    And Zuma?? Where is he?? Hiding under his bed, wetting his pants!

  • Mkushi - 2011-08-07 09:31

    We are already nationalised, its called tax, which is already way over the top.

  • ian - 2011-08-07 09:39

    "Everyone has the right to benefit from wealth in South Africa," Malema said in a speech at the University of Johannesburg on Thursday. ok twit face, whats ur e mail address? Will e mail you my banking details asap and i expect my first few million paid in by the the end of business tomorrow, ok wood boy

  • Mkushi - 2011-08-07 09:43

    Why are my postings removed?Tax = Nationalisation

  • Nigel - 2011-08-07 09:45

    So then how do you fix the divide? Malema is saying Nationalise and I’m beginning to believe him. why, because no one will put up a constructive reason as to why it will harm the economy, explain? Big companies who are targeted for Nationalisation are either very quickly squirreling their money out of the country or they are ostriches with their heads buried in the sand or just to dumb to speak out and explain to the same people Malema is targeting as to why Nationalisation is a bad idea or what they can do for them instead. Make your bed and lie in it, I don’t give a F... anymore if you cant explain the pros and cons constructively, I’ll now back Malema until some dickhead who is in position to speak out does so, but until then it seems Malema is making a lot of sense!!!! And another thing, a lot of whites I know are too apathetic to vote because to quote "there are too many of them" make your bed and f..... lie in it because trust me if you don’t get off your f..... a hole and contribute, it's not your face on my purple covered passport!

      Nasdaq7 - 2011-08-07 11:32

      You can think for yourself what happens if money is not invested back into mines and spent on other things. What happens to a business if you don't invest the profits back into the business?

  • littledragon - 2011-08-07 09:53

    Here is an interesting campaign we as South African's should look at to generate additional electricity and perhaps take some of the load off the existing infrastructure ....... A report can be downloaded from here ... .... this is a survey done by the DA .... Furthermore !! Here is what they are doing in the UK and are actually making money from the exercise ( (i.e. A home owner's investment .... ) What do you think ???? An example of how anti nationalization can benefit US the taxpayer & consumer !!!

  • knonyane - 2011-08-07 09:54

    To Hell With Malema and some of his committe members , including some of the ANCYL members who are supporting this whole nationalisation and the land redristibution without any compensation issues. These b#$%^ches are trying to score some political points from some fo the ignorant youth who are just too desparate to get out of poverty and lack information , and who are under the illusion that they as a black ppl are the only social group that suffered under the apartheid regime , forgetting that aparheid affected alot ppl across the world regardles of the race.Some white ppl in this country fought , and helped liberalise this country and others where even marginalised by their own social groups .And the fool has the nerve to talk about the African continent doesnt need any Europen solution , but his dumb ass is busy riding around in a british solution "Range Rover" , consuming the Russian ideology and trying to sound al so knowledgeable amongs the ignorant B*&^%4ch why aspire to want to consume your enemies ways of doing things if such a culture is destructive? U can fool others but u cant fool us all . And to some of those black africans who claim that they as appl are the only one's that are suffering , think again and look around the world and see how many ppl are suffering even under the leadership of their own ppl

  • knonyane - 2011-08-07 09:58

    To Hell With Malema and some of his committe members , including some of the ANCYL members who are supporting this whole nationalisation and the land redristibution without any compensation issues. These b#$%^ches are trying to score some political points from some fo the ignorant youth who are just too desparate to get out of poverty and lack information , and who are under the illusion that they as a black ppl are the only social group that suffered under the apartheid regime , forgetting that aparheid affected alot ppl across the world regardles of the race. Some white ppl in this country fought , and helped liberalise this country and others where even marginalised by their own social groups .And the fool has the nerve to talk about the African continent doesnt need any Europen solution , but his dumb ass is busy riding around in a british solution "Range Rover" , consuming the Russian ideology and trying to sound al so knowledgeable amongs the ignorant B*&^%4ch why aspire to want to consume your enemies ways of doing things if such a culture is destructive? U can fool others but u cant fool us all . And to some of those black africans who claim that they as appl are the only one's that are suffering , think again and look around the world and see how many ppl are suffering even under the leadership of their own ppl

  • andrew.hartung - 2011-08-07 10:01

    He is totally correct, we have 2 nations in 1 country. Only problem is that he is part of the elite side, so what is he on about. Its all us poor smucks on this side that can't afford R16 million homes and farms and AMG Mercs.

  • vegetarian - 2011-08-07 10:05

    I have no objection to the nationalization of the evil banks. The money there belongs to the public anyway but the profits are shared between the greedy shareholders and the state. That is why the government is not interested in curtailing the ridiculous bank charges. Any reduction of the charges will reduce the government's share of the loot.

      ian - 2011-08-07 10:16

      now there I am with you all the way, you transfer say R50 and you charged R6.35 EXTRA, if you withdraw say 2K froma standard atm with a standard bank card, the thieving bastards hit you R26 EXTRA, so ya nationalise the banks and charge the rich pigs with extortion

  • letsee - 2011-08-07 10:18

    Of the countries that up to 30 years ago championed and spread communism only those that since then abandoned it are economically better today. No economic system, including nationalization, strives when leaders have no sound vision and no know how to strategize and implement programs and that is the problem of South Africa. The solution is for those incapable leaders to go back to school and allow capable people to govern. People that don’t realise that the ANC charter was written decades ago needs to be updated to the new learning and realities of today are ignorant or stupid or dishonest or all of the above.

  • RIMRIM - 2011-08-07 10:35

    Nationalization is a great theory but in practice it CAN NOT WORK! Most mines are publicly traded companies that means the people of SA own the mines already, any one can buy shares in the mines. Nationalization means taking from the people and giving to the state. If the masses want there share of the wealth from the mines they must fork out the cash and buy shares. Plain and simple. The state doesn't have the money to sustain the mines in bad times anyway. Mines are not always profitable and the state has a reputation of inefficiency, mines are all about being efficient.

  • trevor06 - 2011-08-07 10:41

    I dont usually advertise on forums, but please, any donations you can send through would be of great help! The fund will help pay for an assassin to take out Malema!!! Call 0800-kill-malema and recieve a free machine gun

  • Nigel - 2011-08-07 10:43

    @kitchenboy3.... very sweet, your seemingly naive attempt at belittling me only further resolves my support for Malema!!!! nice!

      kitchenboy3 - 2011-08-07 11:04

      whatever dude, it's free country, you can support whomever you like, so if he jumps of a high building are you gonna jump too? but seriously, if you want constructive debate you need to behave like an adult first, something neither you nor your hero seem to be able to do

  • birdman - 2011-08-07 10:52

    It'll take just one bullet to end this notion of nationisation.

  • Philip - 2011-08-07 10:57

    Nationalization will not work, it is communism with a different name. Since the beginning of time the State was never required to run business. The sole function of State was to run, control and administer services to the people. The state is and was never intended to be involved in business. There are exceptions: the aviation industry being one of them. I say this because I believe that aviation is a strategic component of our country - I work in this industry so some people can say my comments are biased, so be it, one thing that needs to be born in mind is that aircraft cost huge amounts of money and need to be replaced regularly to meet the global emission reductions that are legislated by the EU and others. I believe the mining industry is not one of them. I believe that this NATIONALIZATION policy by the ANCYL is nothing more than a mechanism to enrich themselves at the the tax payers expense. This needs to be challenged because only a few, the ANCYL, elite will benefit. Nationalization will never benefit the poor. History tells us this, (USSR, Eastern Europe, Cuba). In the communist ideology there is no incentive to work to better yourself. We see this in our beautiful country that is under the vile grip of trade unions who demand exorbitant wages in exchange for pathetic to non existent production. The ANCYL see nationlization as a process to enrich themselves, what they do not see is that it is not sustainable.

      Nigel - 2011-08-07 11:09

      Your argument is odd? I dont get it? Explain this then, how does it help that the mines are privately owned? How does it help the man in the street, i'm not advocating it, I need to understand how it is better for the have nots at the moment as to when it is implemented?

      Kraut - 2011-08-07 12:04

      @nigel First you're asking for reasons against nationalization and then you cannot understand the argument??? Very weird!!

  • PoloX - 2011-08-07 11:03

    another set of triplets Eskom , SABC , SAA . need i say more .

  • Nasdaq7 - 2011-08-07 11:14

    If nationalization is so great, why hasn't it worked in Zambia?

      Nigel - 2011-08-07 13:07

      Explain that to a Malema follower...not good enoguh, you wont have their vote!

  • Democrat - 2011-08-07 11:22

    Malema spoke of two economies. He should have mentioned a third, that of his own, if what is emerging is true regarding his wealth accumulation through his trust. A two faced individual if ever there was one!!

  • thozi - 2011-08-07 11:28

    There's a saying that "One should learn from the mistakes of others because one cannot live long enough to make them all". The mighty Soviet Union forced Nationalisation on her peoples for a long time, but it eventually failed. So did Malema's hero, the pathetic uncle Bob next door, who destroyed the once vibrant economy of Africa. There are others; Mozambique, Zambia, China, East Germany, amd many more. But guess what, the ANCYL supported by another fire brand, Mbalula, wants to give it a go again. Anybody who can still think intelligently, South Africa will slide down as well. In fact, it has already started. The fancy slogans like "revolution, anti-Imperialism, the Westen Ideology etc." are not going to feed the very masses currently being dupped by the likes of Malema and his ANCYL; they (the proponents of Nationalisation)live an extraordinary lavish life anyway.

  • Mthokozisi - 2011-08-07 11:33

    The media is contradicting the debate....Ministers are saying there should another policy alternative from the Nationalisation of mines....that is why Gigaba is calling the organised business to come up with policy proposals!!!!

      Al - 2011-09-29 12:26

      Common dude. It is like having a flat tyre but nobody is fixing it. Mthokozisi there is only one thing that solves poverty, it is called education. Wtf is Malema and the ANC doing? Common man stand up and demand an education. Get rid of the ANC first who are doing nothing for you.

  • Greenrain - 2011-08-07 11:45


  • Nigel - 2011-08-07 11:46

    @kitchenboy3 you rha-tard, spelt that way on purpose that is why it is correct, you are so busy trying to be a little school teacher... F**kwit being you...guess what, that's not spelt correctly but you get the message! Yet you still can't say why nationalisation is not good for the country...yap yap yap....that's a squeaky dog barking sound which reminds me of you

      Kraut - 2011-08-07 12:06

      kolobe much???

      Kraut - 2011-08-07 12:08

      ...or "Supertroll"...if you cannot find enough arguments in ALL the comments, read Micky Mouse..better for you..numb-nut!!

      Nasdaq7 - 2011-08-07 12:24

      Kraut, it is the same questions over and over again...

      Nigel - 2011-08-07 13:08

      Kraut...your name says it all...yawn, Viva Malema!

  • Nigel - 2011-08-07 11:48

    anyway this was a STUPID article which has no supporting material and less foundation than Malema's call for Nationalisation and the reporter has to attend play school tomo so i'll leave it at that, bye bye now!

  • Hamilton Ngwenya - 2011-08-07 11:51

    'Do as I say, not as I do'. He is taking us for a ride.